In the news; China mulling rare earths embargo to the west. MP up 12% on the headline. Yellen mulls taking down 1.6 Trillion Treasury reserves held by the FED. Notwithstanding Yields higher with Risk On this will effect the game … Continue reading
Follow the Bonds..Thank you Yellen for the hawkish comments to bolster our Euro short. 30 yr. Bonds…Daily Continuation 30 yr. Bonds Weekly continuation. 30 yr. Bonds Weekly Active daily Continuation….currently trading @ weekly ORL level 153.16. Pay attention to how … Continue reading
Daily Market Intelligence 8-25-17
DJI/Bonds…time will tell if this is just a gap fill and we hold and reverse back higher or see pattern follow through. The Chips…NVDA & AMD have so far held a lower retest. Trade the names off their own technical … Continue reading
30 Yr. Bonds…150.30 is technical support matching the 50 DMA and the bottom of the cloud. I’m not interested in trading them until after Yellen testimony. Sustained price action below after the testimony would have me looking for the Bonds … Continue reading
Daily Market Intelligence 8-25-16
I doubt you’ll see much of anything before Yellen’s speech @ 12:15 CDT. It will be a very light day of trading with muted price movement until the speech, then it will be just the bots as most homo sapiens … Continue reading
We’re seeing the Yellen short covering rally. This game will be played out in early Asian trading. NFLX..is attempting an ORH day PG…Procter & Gamble is putting in an ORH day. AAPL…is attempting an ORH day FB…needs over 94.32 … Continue reading
Stocks… Nasd 100…4538 is closing resistance. 4465 is support and the low risk buy level. Spu’s…2095 is today’s 50 DMA. You’d like to see an early sell off hold this level. otherwise 2081 is the next low risk buy. 2120 … Continue reading
Stocks… IYT…this needs a couple of closes below 151.80 to break down. The Long term # is 150.90 the June 2014 close. SHCOMP…with just one week week of correction since the beginning of March, this is still vertical with higher … Continue reading